Definitions
Term Definition
Umbrella Policy
Coverage for losses above the limit of an...See Full Definition
Unbundled Contracts
A form of annuity contract that gives purchasers...See Full Definition
Underinsured
The result of the policyholder's failure to buy...See Full Definition
Underinsured Motorist Coverage
Insurance that covers damages caused by motorists who...See Full Definition
Underwriting
The process of evaluating the insurability of an...See Full Definition
Underwriting Income
The insurer's profit on the insurance sale after...See Full Definition
Unearned Premium
The portion of a premium already received by...See Full Definition
Uninsurable Risk
Risks for which it is difficult for someone...See Full Definition
Uninsured Motorist Coverage
Insurance that covers damages caused by uninsured or...See Full Definition
Uninsured/Underinsured Motorist Coverage
Coverage that pays for property damage, lost wages...See Full Definition
Universal Life
A flexible-premium life insurance contract which accumulates values...See Full Definition
Universal Life Insurance
A flexible premium policy that combines protection against...See Full Definition
Unsatisfied Judgment Fund
Many states have funds that reimburse victims injured...See Full Definition
Usage
Refers to the purpose for which you use...See Full Definition
